Recent Price Movement and Market Context
The stock’s fall on 08-Dec continues a downward trend that has persisted over the last four trading sessions, during which Sonal Adhesives has lost approximately 10.91% in value. Despite opening the day with a positive gap of 2.94%, the stock was unable to sustain gains and ultimately traded closer to its intraday low of ₹46.11, down 2.54% from the previous close. The intraday high of ₹50, representing a 5.69% increase, was not maintained, signalling selling pressure as the session progressed.
This intraday volatility highlights a struggle to maintain investor confidence amid broader market dynamics. The weighted average price indicates that a greater volume of shares exchanged hands near the lower price levels, suggesting that ...
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